Sellbyville, Delaware, Jan. 31, 2019 (GLOBE NEWSWIRE) —
The Europe biogas market is set to witness strong growth on account of growing focus toward decarbonizing the energy sector supported by a multitude of legislative schemes and policies. The EU Directive 2009/28/EC establishes common legislative framework concerning the use of energy from renewable sources with an objective to minimize greenhouse gas emissions. Increased production and use of biogas to support the circular economy and renewable energy mix will stimulate the industry growth in the region. According to recent report published by Global Market Insights, Inc. says Europe Biogas Market is expected to surpass USD 6 Billion by 2025.
Europe anaerobic digestion biogas market in 2018, was valued over USD 2 billion. Introduction of new heat tariffs to stimulate the deployment of green gas plants will boost the industry expansion in the region. The UK Government, in 2018, restored the higher tariff levels for the Renewable Heat Incentive (RHI) to produce renewable green gas for heating homes and businesses through AD.
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Sweden biogas market will witness an appreciable momentum on account of implementation of legislative policies in support of creating a circular economy in the country. The Swedish Government, in 2018 announced the appointment accelerate of a circular economy delegate to accelerate the transition to resource-efficient bio-based & circular economy.
Commercial biogas market is set to exhibit robust growth in response to growing need to reduce fossil fuels dependency along with shifting trends toward utilization of clean energy. In addition, policy instruments including feed-in-tariffs, economic exemptions and favorable tax policies will continue to boost the establishment of biogas plants across the sector. These large-scale commercial plants are further facilitated by private-public or private collaborations which are aimed at meeting internal energy needs.
Browse key industry insights spread across 210 pages with 268 market data tables & 25 figures & charts from the report, “Europe Biogas Market” in detail along with the table of contents:
Favorable regulatory framework driven by financial support comprising feed-in tariffs and support schemes primarily for electricity generation from biogas will drive the biogas market expansion. The European Union have enacted several supportive directives for the promotion of renewable energy sources. For instance, the EU Renewable Energy Directive (RED) 2009/28/EC sets target of 20% final energy consumption from renewable sources by 2020.
Sewage sludge biogas market size is anticipated to expand over 9% by 2025. The technology is increasingly gaining importance on account of rising focus toward wastewater management and resource recovery technologies. Furthermore, the capability of sludge conversion to drastically reduce residual sludge volumes while creating new revenue stream through on-site energy production will further offer an impetus to the technology deployment.
Key participants operating in the Europe biogas market include Scandinavian Biogas Fuels International, EnviTec, Gasum, Viessmann, Agrinz Technologies, Weltec Biopower, Xergi, Agraferm Technologies, BDI – Bioenergy International, PlanET Biogas Global, AB Holding and Engie amongst others.
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- Biogas Market Size Outlook 2018 – 2024
Global biogas market is anticipated to witness substantial growth owing to government led stringent regulations pivoted towards greenhouse emissions. In 2016, Singapore government had led directive pertaining to carbon emission reduction by 36% by 2030 below 2005 levels.
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